Forecast of China’s domestic butadiene market after the festival

According to the domestic market data, the butadiene price continued to decline to RMB 639.38/ton in the domestic market as of December, which was RMB 639.38/ton in the domestic market. In terms of enterprises, the butadiene supply price of Sinopec sales companies increased by 1100 yuan / ton to 6500 yuan / ton compared with the previous month; Fushun Petrochemical resumed export sales in the middle and late September, with a total of 1860 tons of supply online auction transactions. In terms of market, as of the end of the month, Shandong butadiene market atmosphere was light and stable, spot trading was limited, dealers sent the offer to maintain at about 6300 yuan / ton, and the actual orders were negotiated; the butadiene market in East China was mainly cautious and wait-and-see, Jiangyin self raised quotation of 6200-6400 yuan / ton.

 

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The external supply price of butadiene of Sinopec production enterprises is as follows:

 

enterprise

Price (yuan / ton)

Device dynamics

Normal operation of 6500 165000 T / a unit in Zhenhai Refining and Chemical Co., Ltd

Normal operation of 65.012 million T / a unit in Shanghai Petrochemical Company

Normal operation of 65.012 million T / a unit in Yangzi Petrochemical Company

Sinopec’s 65.2 million T / a unit is in normal operation and mainly supplied by each other

Maoming Petrochemical’s 650015000t / a unit is in normal operation, mainly for mutual supply and a small amount of export

The 65.03 million T / a unit of Guangzhou Petrochemical Company is in normal operation, mainly supplied by each other and exported in a small amount

The 65.013 million tons / year butadiene extraction unit of Wuhan ethylene is in normal operation and mainly supplied by each other

External market: as of October 1, the external price of butadiene in Asia was stable: FOB Korea closed at $795-805 / T, CFR China closed at $795-805 / T. The external price of butadiene in Europe was stable: FOB Rotterdam closed at 570-580 USD / T; FD northwest Europe closed at 445-455 euro / T.

 

The external price of butadiene is still expected to go up, and the supply price of domestic manufacturers is still expected to rise, which drives up the offer of traders and makes it difficult to find the source of low-cost goods in the market. Business agency butadiene analysts predict that the domestic butadiene market after the festival is mainly high-level finishing.

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